World Economy Heads Towards Recession as Coronavirus Declared Pandemic

Photo: Pedestrians in New York City pass under headlines in Times Square related to the coronavirus outbreak. Read Tribune of the People’s response to this article here. By the Incendiary Editorial Board Last week, the World Health Organization (WHO) officially declared that the novel coronavirus (COVID-19) that originated in Wuhan, China has become a pandemic, meaning that it has spread worldwide. The economic impact on … Continue reading World Economy Heads Towards Recession as Coronavirus Declared Pandemic

Coronavirus Panic Exposes Chaos at Heart of Capitalist World Economy

Photo: Stock brokers panic at the New York Stock Exchange as coronavirus fears cause stock values to plummet  By Mike Talavera The New York Stock Exchange (NYSE) has had its worst week since the Great Recession of 2008. Traders have been frantically selling off their shares, causing values to plummet, out of fear of that the coronavirus is on the verge of becoming a pandemic. … Continue reading Coronavirus Panic Exposes Chaos at Heart of Capitalist World Economy